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Academy Sports + Outdoors Expands Revionics Partnership to Optimize Customer-Centric Pricing

Retail TouchPoints

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. These variables, along with pricing and vendor lead times make planning demand very difficult. This means they can’t markdown their products without devaluing the brand.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

Inditex, Zara’s parent company planned to close up to 1,200 stores by the end of 2022 and open 450 new stores. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. The expansion was planned even though Forever 21’s sales were flat in 2016. billion in 2016 to $3.1

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Predicting the Holidays: Analyzing Competitor Holiday Trends

Wiser

E-commerce sales revenue for the 2016 holiday season is expected to reach almost $95 billion. Armed with this knowledge, you can infer when your competitors will be launching their campaigns and plan your own accordingly, to maximize the ROI of your promotions.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. These variables, along with pricing and vendor lead times make planning demand very difficult. This means they can’t markdown their products without devaluing the brand. Brand Image.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. trillion annually. Key Takeaways.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. In-Stock Percent. Every retailer aims to minimize the amount of out-of-stocks in their stores, so a particularly useful KPI is in-stock percent. Promotion Lift.